The article argues that wealthy crypto backers are pouring money into right-wing politics, pointing to Reform UK's £72m donation in September from crypto investors Christopher Harborne and Ben Delo, which exceeded all UK parties' total receipts in 2025. The pair have provided more than 80% of Reform's funding since its founding in 2019. CNBC analysis of FEC records found 14 of the 20 biggest donors in the 2026 US midterm cycle backed mostly Republican candidates, with crypto, AI and online gambling interests pouring more than $377m into candidates and groups. It also cites Trump's shift from calling crypto a “scam” to embracing the industry, and Deutsche Welle's report that he made more than $1bn from cryptocurrency sales in 2025, raising conflict-of-interest concerns.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/23/2026 | 81,189.43 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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